- Bitcoin ATMs added 106 new units worldwide in 2017— a 7.5 percent jump from the prior year
- U.S. and Canada, combined, have almost 73 percent of the global market with 1,104 bitcoin ATMs
- CIIX, in addition to agreeing to a bitcoin ATM installation at its San Gabriel, California, offices, also broadcasts ‘Bitcoin Multimillionaire’, a daily video on bitcoin news emanating from the NYSE
ChineseInvestors.com, Inc. (OTCQB: CIIX) has jumped into the growing global market for bitcoin ATMs. According to Coin ATM Radar, installations of the ATMs are on pace to grow by 7.5 percent to 1,515 units across 19 countries this year (http://cnw.fm/v3Kqr). CIIX agreed for Blockchain BTM, LLC, to add one such unit in the lobby of its San Gabriel, California, headquarters (http://cnw.fm/V9aVj). Blockchain BTM, with its CIIX location unit, increased the number of its installed machines to nine, all located in California (http://cnw.fm/S1xnu).
This installation also means a greater commitment by CIIX to bitcoin education and marketing. It is a strategy for CIIX to reach the Chinese-speaking community worldwide with bitcoin marketing, even though Chinese regulators have banned sales of bitcoin. At the same time, Chinese regulators see potential in the blockchain technology behind bitcoin, according to a report by CNBC (http://cnw.fm/Qd0CG).
CIIX is a diverse educational and consulting company to the Chinese-speaking community located in China and the U.S. Its primary revenue streams have been from subscriptions and investor relations services. It has also marketed a line of hemp oil-based cannabidiol (CBD) products under the OptHemp brand, as well as hemp-infused skin care products through wholly-owned subsidiary CBD Biotechnology Co., Ltd.
Most recently, the company has offered educational and sales services related to bitcoin cryptocurrency. CIIX’s goal is to become the primary Chinese publicly-traded company that offers real-time information on its website. CIIX is planning to introduce new cryptocurrency subscription products for January 2018. It also offers a new, free website for bitcoin news and education under the domain name NewCoins168.com (http://cnw.fm/Uuo19).
Even as China itself has shut down most bitcoin trading, CIIX is now offering, in partnership with Wall Street Multimedia, Inc., a daily video on bitcoin from the NYSE, and it has also agreed to the installation of the bitcoin ATM in San Gabriel, California.
For more information, visit the company’s website at www.ChineseInvestors.com
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